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New Mexico Diminished Value Claims
New Mexico is a diminished value state, which means you may be entitled to the diminished value of your vehicle after an auto accident. It’s important to note that determining the diminished value often requires a professional appraisal value claim to accurately assess the impact of the accident on your vehicle’s worth. The statute of limitation on diminished value claims in New Mexico is 4 years, and New Mexico does have uninsured motorist coverage for diminished value. You can’t submit a New Mexico diminished value claim if you were the at-fault party in an accident, or if the damage was caused by something other than a collision. You can see if you qualify for a diminished value claim by filling in the claim review form above.
New Mexico Diminished Value Claim Info
New Mexico Statute Of Limitations: 4 Years
Uninsured Motorist Coverage: YES
Diminished Value For At Fault Party: NO